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55.0¢ whispir limited

Well the cost of the debt went up today.

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martincooper

1,094 Posts.

62

07/11/23

16:23

Post #: 70770140
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Originally posted by Carab Nuts: ↑

i get it that shareholders are cranky and I'm going to be turning my attention to the Whispir board of Directors at the AGM. the company has under-performed on all measures, never achieved profitability, never achieved positive operating cash flow and as a direct result has taken on excessive and expensive debt capital - but the icing on the cake was issuing $3.25m to a handful of select institutions at $0.25c less then 3 weeks ago - this raising was done at a price that the directors thought was 'fair and reasonable'.

They are now backed into a corner trying to defend a takeover at a 90% premium to that capital raise price and the insto shareholders have made off like bandits. What did the punters get - nothing, nada, zippo except shareholder dilution through the badly timed equity raise

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Well the cost of the debt went up today.

WSP Price at posting: 48.5¢ Sentiment: None Disclosure: Not Held
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